That's quite simple mate. Ask your friend to create an account on the exchange you want to trade and then ask him to deposit the amount himself and get the credentials and then trade for your friend. I know you have already said that you don't want the hassle to create multiple accounts which is why for every person you are trading you will have to say them to create the account. You will just have to maintain the credentials.
For that you can use a software or a trusted extension which encrypts the credentials.
Also, you must keep your account and trading separate and do not mix it with your clients or else it will just create a mess and will trouble you to calculate the profit/loss.
Topic: Trading using someone else's funds - page 8. (Read 1300 times)
Easy solution. Don't allow your friend to loan it to you. Instead, have him create a trading account, with him being in full control of the funds. Then you are only given API access so you can execute trades, you can't deposit or withdraw. This gives you no way to access his funds. Then if he makes profit, he gives it to you directly.
Warning: don't do it though.
Warning: don't do it though.
If ever someone wants you to trade for them using their funds, I don't see any wrong with this one dude.
Now the answer of course would depend on you, and it's up to you how many percent you can give profit to your
capitalist, if yo want to play safe you can tell him/Her that you can give 1% daily profit where in 1 month 30%.
but this is just a suggestion came from me only, the final choice or decision will still be yours.
Now the answer of course would depend on you, and it's up to you how many percent you can give profit to your
capitalist, if yo want to play safe you can tell him/Her that you can give 1% daily profit where in 1 month 30%.
but this is just a suggestion came from me only, the final choice or decision will still be yours.
Try out a small amount then use excel when calculating. Implement formulas so that when you add numbers, the total could easily be seen. Also, I'm assuming profits also include losses? Cause if no, then you're going to lose quite a bit. Also, the math seems to add up, I also don't see anything wrong with it. Additionally, if your friend would like to add funds when he's already given you some, you can imagine it like ending the first contract and continuing with a second contract. Just get his share and add it to the funds he's going to add again and rinse and repeat.
Though you guys should probably set an amount where you would stop so that losses wouldn't exceed a certain percentage, for both you and him. Just beware that since you're doing a 50/50 share, you're also going to share a 50/50 loss whenever a loss happens, and since your investment is higher than his, that could be quite painful.
PS: if any newbies would like to use this guy as a medium to trade, I suggest not. Not saying that this guy is bad, but since he's trading using his friends' funds, there's nothing wrong with that since they know each other irl, but for those in the forum, you could only be said as internet friends, which is really just a friendly saying of strangers.
Though you guys should probably set an amount where you would stop so that losses wouldn't exceed a certain percentage, for both you and him. Just beware that since you're doing a 50/50 share, you're also going to share a 50/50 loss whenever a loss happens, and since your investment is higher than his, that could be quite painful.
PS: if any newbies would like to use this guy as a medium to trade, I suggest not. Not saying that this guy is bad, but since he's trading using his friends' funds, there's nothing wrong with that since they know each other irl, but for those in the forum, you could only be said as internet friends, which is really just a friendly saying of strangers.
Well why the hell do you want to accept the loan if you are such a 'self proclaimed good trader' when you can easily trade with your own funds and grow them to trillions ( as you are a good trader). Why split profits when you can have it all ?
The answer to my question lies in the very fact that there is something shady about you (may be you want to lure some newbie to contact you for trading).
How come you be a good trader when you do not even know how to divide profits ( simple percentage math) ?
The answer to my question lies in the very fact that there is something shady about you (may be you want to lure some newbie to contact you for trading).
How come you be a good trader when you do not even know how to divide profits ( simple percentage math) ?
He seems really suspicious, a good trader will never seek help from other people as he already achieved that effectiveness as a trader. But I don't really understand how come that he don't know how to divide profits using a simple statistics or math? Let's help those newbies not to settle on relying on other people to earn profit in trading.
For the beginners, don't trust easily in this kind of posts. Maybe he just want to benefit your profits if he will try to earn profits with your assets.
Also, statistics are taught in high school so you should know how to do that if you are engaging in trading.
A close friend. Not random people as others have suggested. They have witnessed my trading and know that I am profitable so they feel comfortable with me trading their money.
I suggest you not to trade using their money because you already know that we cannot always expect to make a profit from crypto trading, especially we are still at the bear market. It's better to teach them about trading and trade together in one room, so they can learn directly from you than to use their money to trade. The risk is not worth trying because if the market is going down without any sign to rise, it will be hard to give them the money. After all, your trading does not help you to make a profit. But we can only suggest to you, and the rest will be up to you.
Computing your profits while not yet proving the good trades is not a good way to indulge yourself into this responsibility. I know for sure that you knew trading isn't always the winning thing. If someone will loan you money to trade, did you two perhaps have a deal on how will be the consequences if you lose the trades?
It is not a good idea to take someone's fund and trade it even if you have a deal of 50/50 for the profits. The way I look into it, your friend is investing into you thus it wasn't 100% guaranteed that you will give back that 50% as you promised since trading should not be taken for granted
It is not a good idea to take someone's fund and trade it even if you have a deal of 50/50 for the profits. The way I look into it, your friend is investing into you thus it wasn't 100% guaranteed that you will give back that 50% as you promised since trading should not be taken for granted
Talk to them about the percentage, not a good idea to just follow our suggestions to you how should be the dividend. Both parties should agree to the deal, win or loss. Since you are the one managing their money, try to include your "talent's fee" to them.
However, I don't know why these people offered you to trade their money. Do you mean they witnessed how good you are? Who are these? Friends or random people? I just hope they are really the ones who offer you to trade their money and not the other way around as I found it suspicious.
A close friend. Not random people as others have suggested. They have witnessed my trading and know that I am profitable so they feel comfortable with me trading their money.
I will say just keep a secondary account so you can keep track of all the profits and losses you have made so it will be easier for your friend to understand what is going with his money.
Talk to them about the percentage, not a good idea to just follow our suggestions to you how should be the dividend. Both parties should agree to the deal, win or loss. Since you are the one managing their money, try to include your "talent's fee" to them.
However, I don't know why these people offered you to trade their money. Do you mean they witnessed how good you are? Who are these? Friends or random people? I just hope they are really the ones who offer you to trade their money and not the other way around as I found it suspicious.
A close friend. Not random people as others have suggested. They have witnessed my trading and know that I am profitable so they feel comfortable with me trading their money.
There is nothing wrong with trading with trading with other peoples funds; the reality is that are you professional enough to make profits and pay the legally documented roi such terms demand ? If someone elses money you mention is borrowing; then it is a wrong motive as you cannot borrow to trade. Earn your capital, and trade with perfection and peace of mind.
This thing is a little bit confusing and very risky to think. No man in this world would ever entrust his money to someone else without guaranteed profits unless his money does not matter to him at all. Earn your own income from your own capital. Do not just rely from others for funds because trading itself would also mean losing the funds in just a blink of an eye if you are not really good at trading coins.
Well, I would suggest that you better take loans and promise them a fixed return rather than agreeing to profit's share because I am telling you from my experience when you take loans and trade with someone else money you would always feel under pressure of doing more trades and that is where even the best traders fall apart.
The best way to accept investment from sources is by promising them a reasonable amount of return on their invest monthly or yearly as it suits both parties. This way you do not create unwanted pressure on yourself and once you accumulate enough funds of your own you can always tell them that you do not need more investment, while if you work on profit share you are always bound to work with them.
The best way to accept investment from sources is by promising them a reasonable amount of return on their invest monthly or yearly as it suits both parties. This way you do not create unwanted pressure on yourself and once you accumulate enough funds of your own you can always tell them that you do not need more investment, while if you work on profit share you are always bound to work with them.
How can I ensure that I am keeping track of when I am using their funds and when I am not? I guess I could always open a second trading account which would keep the funds separate, however, this would be a bit of a pain having to sign in and out of multiple accounts.
I was laughing when I read that you are a successful trader but you still cannot figure out how to ensure whose funds are you using when trading.Anyways I will tell you how it is done. Suppose you have 10k USD which you borrowed from them and 10k USD of your own. Now your capital is 20k and any trade you make is combined of both of yours money. For example you made a 2k trade and profited $50 then you can't say you used your own funds and pay them nothing, that is not how trading works. You need to them pay 50% fro your profits from each trade as you mentioned you have agreed for 50-50 cut for each individual.
if you really think you are professional you need to work on your basics man otherwise you might be just sort of lucky in trading and false believing that you have mastered it.
Also, do you really believe that someone would easily throw up some bucks for him to handle out trades for other people? No one on this forum will surely consider it out specially a self-proclaimed
one without even minding on showing of his statistics or profit percentage on his trading account. Do you really think that someone will easily believe on that without showing of proofs?
Verbal thing wont be enough.
In mention about dividing profits then it would be better if you do make multiple account and since he arent dealing with 20k usd or more then unverified account will be enough for that.
It cant be blocked nor violate platform rules so that you wont really have some headache on how to calculate between profits but as a trader this is just a basic thing to be done.
@OP, are you really a trader?
How can I ensure that I am keeping track of when I am using their funds and when I am not? I guess I could always open a second trading account which would keep the funds separate, however, this would be a bit of a pain having to sign in and out of multiple accounts.
I was laughing when I read that you are a successful trader but you still cannot figure out how to ensure whose funds are you using when trading.Anyways I will tell you how it is done. Suppose you have 10k USD which you borrowed from them and 10k USD of your own. Now your capital is 20k and any trade you make is combined of both of yours money. For example you made a 2k trade and profited $50 then you can't say you used your own funds and pay them nothing, that is not how trading works. You need to them pay 50% fro your profits from each trade as you mentioned you have agreed for 50-50 cut for each individual.
if you really think you are professional you need to work on your basics man otherwise you might be just sort of lucky in trading and false believing that you have mastered it.
There is nothing wrong with trading with trading with other peoples funds; the reality is that are you professional enough to make profits and pay the legally documented roi such terms demand ? If someone elses money you mention is borrowing; then it is a wrong motive as you cannot borrow to trade. Earn your capital, and trade with perfection and peace of mind.
You can use portfolio tracking apps through connecting your account's API Key and you will be able to see the percentage profit or loss you have made in real time. Apps like 3commas, bituniverse, blockfolio are reliable.
So if you combine the whole loaned amount from your friend to yours. What you will be looking at would the percentage profit or Loss you would have made from the time you generated and integrated your account's API key to the App. So all you have to do is take a half of that percentage profit/loss from the loaned amount.
Eg If a total of 13,000 (where 10K is yours and 3K is your friend's) increases by 50% in profits as shown by the App. All you do is determine 50% profit of $3k which is $1,500 (you take a half which is $750)
So if you combine the whole loaned amount from your friend to yours. What you will be looking at would the percentage profit or Loss you would have made from the time you generated and integrated your account's API key to the App. So all you have to do is take a half of that percentage profit/loss from the loaned amount.
Eg If a total of 13,000 (where 10K is yours and 3K is your friend's) increases by 50% in profits as shown by the App. All you do is determine 50% profit of $3k which is $1,500 (you take a half which is $750)
This I guess will just bit more little tricky! Why?
Maybe you are putting your main account at risk because the exchange platform that you have been used might be detected you using multiple accounts which are most trading platforms strictly against their rules.
Just a piece of suggestion, let them register to the exchange site you used under their name and ask them the login details including the fund that they want you to use. If that is a 50/50% dividend share on profit, that is very easy to do the math if it is separated.
I don't understand the loaned part. If you separate that fund, there no more calculating the percentage.
Maybe you are putting your main account at risk because the exchange platform that you have been used might be detected you using multiple accounts which are most trading platforms strictly against their rules.
Just a piece of suggestion, let them register to the exchange site you used under their name and ask them the login details including the fund that they want you to use. If that is a 50/50% dividend share on profit, that is very easy to do the math if it is separated.
I don't understand the loaned part. If you separate that fund, there no more calculating the percentage.
Talk to them about the percentage, not a good idea to just follow our suggestions to you how should be the dividend. Both parties should agree to the deal, win or loss. Since you are the one managing their money, try to include your "talent's fee" to them.
However, I don't know why these people offered you to trade their money. Do you mean they witnessed how good you are? Who are these? Friends or random people? I just hope they are really the ones who offer you to trade their money and not the other way around as I found it suspicious.
Well why the hell do you want to accept the loan if you are such a 'self proclaimed good trader' when you can easily trade with your own funds and grow them to trillions ( as you are a good trader). Why split profits when you can have it all ?
Easy, bub. Why would I accept a loan? Because that gives me more capital to trade with. The more capital I have to trade with the more profits I can make.
The answer to my question lies in the very fact that there is something shady about you (may be you want to lure some newbie to contact you for trading).
How come you be a good trader when you do not even know how to divide profits ( simple percentage math) ?
How come you be a good trader when you do not even know how to divide profits ( simple percentage math) ?
I am simply getting the opinions of other traders on this matter. I shared how I would divide profits and now I would like to see how others would do it. Also, this has literally nothing to do with being a good trader. I don't see how any of this is shady whatsoever. And the fact that you cant understand why taking a loan would be beneficial tells me you aren't so great at figuring out how profits work yourself.
Well why the hell do you want to accept the loan if you are such a 'self proclaimed good trader' when you can easily trade with your own funds and grow them to trillions ( as you are a good trader). Why split profits when you can have it all ?
The answer to my question lies in the very fact that there is something shady about you (may be you want to lure some newbie to contact you for trading).
How come you be a good trader when you do not even know how to divide profits ( simple percentage math) ?
The answer to my question lies in the very fact that there is something shady about you (may be you want to lure some newbie to contact you for trading).
How come you be a good trader when you do not even know how to divide profits ( simple percentage math) ?
You've hit it right in the spot!!! As a proclaimed trader this maths shouldn't be a problem or else I have no idea how you got your profit in trading
And even if someone was to provide funds then there's no guarantee that 1st you'll not run away with the money and 2nd that you'll even make any profit and 3rd whether you'll even share that profit. Brokers are there for a reason and you can't act all on your own.
Warning to the 'greedy' ones on here reading this ridiculous 'post', don't give your money to this person or if you're thinking about it at least have some collateral or assurance in place before engaging in business, though this is not something many people would recommend.
Well why the hell do you want to accept the loan if you are such a 'self proclaimed good trader' when you can easily trade with your own funds and grow them to trillions ( as you are a good trader). Why split profits when you can have it all ?
The answer to my question lies in the very fact that there is something shady about you (may be you want to lure some newbie to contact you for trading).
How come you be a good trader when you do not even know how to divide profits ( simple percentage math) ?
The answer to my question lies in the very fact that there is something shady about you (may be you want to lure some newbie to contact you for trading).
How come you be a good trader when you do not even know how to divide profits ( simple percentage math) ?
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